Live Oak Bancshares, Inc. (NASDAQ:LOB) to Issue Quarterly Dividend of $0.03

Live Oak Bancshares, Inc. (NASDAQ:LOB) declared a quarterly dividend on Thursday, February 19th. Investors of record on Thursday, March 5th will be given a dividend of 0.03 per share by the bank on Sunday, March 15th. This represents a c) annualized dividend and a dividend yield of 0.3%. The ex-dividend date is Thursday, March 5th.

Live Oak Bancshares has a payout ratio of 3.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Live Oak Bancshares to earn $3.39 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 3.5%.

Live Oak Bancshares Price Performance

Live Oak Bancshares stock traded up $0.69 during mid-day trading on Friday, hitting $40.87. The company’s stock had a trading volume of 156,422 shares, compared to its average volume of 354,773. The business has a 50 day moving average price of $37.85 and a 200-day moving average price of $35.48. Live Oak Bancshares has a 12 month low of $22.68 and a 12 month high of $42.89. The stock has a market cap of $1.87 billion, a price-to-earnings ratio of 28.19 and a beta of 2.00.

About Live Oak Bancshares

Live Oak Bancshares, Inc is a bank holding company based in Wilmington, North Carolina, and the parent of Live Oak Banking Company and Live Oak Bank. The company specializes in small business and commercial lending, offering a suite of financing solutions that includes U.S. Small Business Administration (SBA) 7(a) and 504 loans, equipment finance, commercial real estate loans, and industry-specific lending programs. Live Oak Bancshares combines a digital-first banking platform with a team of lending specialists to serve customers across all 50 states.

Founded in 2008 and headquartered in Wilmington, Live Oak Bancshares was chartered by the Office of the Comptroller of the Currency to focus on underserved small business sectors.